[Analyst: Bitcoin Sell-off Primarily Driven by Leverage Unwinding, Recommends "Buy on Panic"] BlockBeats reports on November 15th that Wellington-Altus strategist James E. Thorne stated that Bitcoin's "head and shoulders bottom" pattern remains intact, with the left shoulder around $59,000, the head around $57,000, and the right shoulder forming. Bitcoin needs to recover to $73,000 and then break through $87,000 to confirm this pattern. If the pattern is confirmed, Thorne sets a mid-2027 target of $117,000 and predicts Bitcoin will subsequently break the all-time high of $126,000, with a year-end target of $150,000 to $170,000. He believes this sell-off is primarily driven by leverage unwinding rather than fundamental deterioration, advocating buying on panic. If Bitcoin falls below $57,000, this assessment will be invalidated. [Original Link]